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Home My WebLink AboutFiscal Year 2025 20 - 5 Monroe County, Florida Sheriff Financial Statemeis and Independent Auditor's For the Year Ended September 30, 2025 PURVIs GiIAY IIE R U II IF"II E IL) F!° U IB L IV C A C C 0 U Vow II A N � K8C]NRQE COUNTY, FLORIDA SHERIFF FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 8EPTEK8BER 30\2026 TABLE OFCONTENTS IndependentAuditor's Report..................................................................................................................1'3 Financial Statements Balance Sheet—Governmental Funds....................................................................................................4'5 Statement of Revenues, Expenditures and Changes in Fund Balance—Governmental Funds...............................................................................6'7 Statement of Fiduciary Net Position—Custodial Fund..............................................................................8 Statement of Changes in Fiduciary Net Position—Custodial Fund ...........................................................9 Notes to Financial Statements............................................................................................................1U'18 Required Supplementary Information (Unaudited) Schedule of Revenues and Expenditures Budget to Actual—General Fund ......................................................................................................... 19 Schedule of Revenues and Expenditures Budget to Actual—Trauma Star...........................................................................................................ZU Schedule of Revenues and Expenditures Budget toActua|—H|DTAGrantsFund................................................................................................Z1 Schedule of Revenues and Expenditures Budget to Actual—Shared Asset Forfeiture Fund................................................................................ZZ Note to Required Supplementary Information .......................................................................................Z3 Supplementary Information Combining Statement of General Fund by Service Area,Trauma Star Fund, and Radio Communications Funds.......................................................................................................Z4 Combining Balance Sheet—Non-Major Special Revenue Funds........................................................Z5'Z6 Combining Statement of Revenues, Expenditures and Changes in Fund Balances— Non-Major Special Revenue Funds ..................................................................Z7'Z8 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special revenue Funds—Radio Communications ............................29 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special revenue Funds—Teen Court Fund.......................................30 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special revenue Funds—Law Enforcement Trust Fund ...................31 MONROE COUNTY, FLORIDA SHERIFF FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED SEPTEMBER 30,2025 TABLE OF CONTENTS Supplementary Information Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—State Forfeiture Fund...............................32 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—Grants Fund.............................................33 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—Contract Administrative Fund .................34 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—Commissary Fund ....................................35 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—Inter-Agency Communications Fund.......36 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—Federal Forfeiture Fund...........................37 Schedule of Revenues, Expenditures and Changes in Fund Balances— Budget and Actual— Non-Major Special Revenue Funds—E-911........................................................38 Combining Statement of Fiduciary Net Position—Custodial Funds........................................................39 Combining Statement of Changes in Fiduciary Net Position—Custodial Funds .....................................40 Other Reports Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards.....................................................................41-42 Independent Accountant's Report on Compliance with Florida Statutes, Section 218.415—Investments of Public Funds .......................................................43 ManagementLetter............................................................................................................................44-45 uuuuu U R V I s G AY INDEPENDENT AUDITOR'S REPORT To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of each major fund and the aggregate remaining fund information of the Monroe County, Florida Sheriff (the Sheriff) as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the Sheriff's financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of each major fund and the aggregate remaining fund information of the Sheriff,as of September 30, 2025, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Sheriff and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Emphasis of Matter As discussed in Note I to the financial statements, the financial statements referred to above were prepared for the purpose of complying with the Rules of the Auditor General (the Rules) of the State of Florida. Inconformity with the Rules,the accompanying financial statements are intended to present the financial position and changes in financial position of each major fund and the aggregate remaining fund information, only for that portion of each major fund and the aggregate remaining fund information, of Monroe County, Florida that is attributable to the Sheriff as of September 30, 2025, and the changes in its financial position for the fiscal year ended in conformity with accounting principles generally accepted in the United States of America. Our opinions are not modified with respect to this matter. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. CERTIFIECD PUBLIC ACCOUNTANTS purrvisgray.corn Nlonbeu°�of Aromzu-kw) Florida of �,�WGtjld I°GaV,hc Axgxxmaoor s I To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida INDEPENDENT AUDITOR'S REPORT In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate,that raise substantial doubt about the Sheriff's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards, we ■ Exercise professional judgment and maintain professional skepticism throughout the audit. ■ Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. ■ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Sheriff's internal control. Accordingly, no such opinion is expressed. ■ Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. ■ Conclude whether, in our judgment,there are conditions or events, considered in the aggregate,that raise substantial doubt about the Sheriff's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit. Required Supplementary Information Accounting principles generally accepted in the United States of America require that budgetary comparison schedules, as listed in the table of contents, be presented to supplement the financial statements. Such information is the responsibility of management and,although not a part of the financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an 2 To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida INDEPENDENT AUDITOR'S REPORT essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS,which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the financial statements, and other knowledge we obtained during our audit of the financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Management has omitted the management's discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the financial statements. Such missing information,although not a part of the financial statements,is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the financial statements in an appropriate operational, economic, or historical context. Our opinions on the financial statements are not affected by the missing information. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the Sheriff's financial statements. The accompanying combining statements and schedule of revenues, expenditures, and changes in fund balances— budget and actual — non-major special revenue funds, are presented for purposes of additional analysis and are not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining statements and schedule of revenues, expenditures, and changes in fund balances— budget and actual — non-major special revenue funds are fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated March 6, 2026, on our consideration of the Sheriff's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the Sheriff's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Sheriff's internal control over financial reporting and compliance. March 6, 2026 Sarasota, Florida 3 FINANCIAL STATEMENTS MONROE COUNTY, FLORIDA SHERIFF BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30,2025 ASSETS Major Funds HIDTA General Trauma Star Grants Assets Cash and Cash Equivalents $ 6,313,061 $ 2,786,885 $ 1,763,539 Investments 196,173 - - Due from Board of County Commissioners 24,737 - 3 Due from Other Funds 321,535 - - Due from Other Governmental Units 10,719 - 2,156,546 Due from Others 94,573 - - Inventory 15,977 - - Interest Receivable - - - Total Assets 6,976,775 2,786,885 3,920,088 LIABILITIES AND FUND BALANCES Liabilities Accounts Payable 828,984 - 1,356,623 Retainage Payable 27,101 - - Accrued Wages and Benefits Payable 2,764,023 - 93,217 Due to Board of County Commissioners 2,154,802 2,786,885 1,052 Due to Other Governmental Units 164,400 - 702,997 Due to Other Funds 854,099 - 1,766,199 Due to Others 27,792 - - Unearned Revenues 155,574 - - Total Liabilities 6,976,775 2,786,885 3,920,088 Fund Balances(Deficits) Non-Spendable: Inventory 15,977 - - Restricted: Law Enforcement Programs - - - Teen Court Program - - - Inter-Agency Communication Program - - - E-911 Programs - - - Inmate Welfare Program - - - Farm Program - - - Grants - - - Committed: Contract Administration - - - Unassigned (15,977) - - Total Fund Balances - - - Total Liabilities and Fund Balances $ 6,976,775 $ 2,786,885 $ 3,920,088 See accompanying notes. 4 Non-Major Major Funds Funds Shared Asset Other Forfeiture Governmental Total $ 172,032 $ 4,063,517 $ 15,099,034 4,684,169 382,848 5,263,190 - 114,266 139,006 - 2,549,609 2,871,144 - 218,719 2,385,984 - 50,018 144,591 - - 15,977 43,858 - 43,858 4,900,059 7,378,977 25,962,784 57,267 36,384 2,279,258 - - 27,101 - 19,798 2,877,038 - 385,557 5,328,296 - 124,714 992,111 - 238,960 2,859,258 - - 27,792 - 9,910 165,484 57,267 815,323 14,556,338 - - 15,977 4,842,792 - 4,842,792 - 66,702 66,702 - 237,329 237,329 - 2,084,246 2,084,246 - 1,465,506 1,465,506 - 528,163 528,163 - 395,126 395,126 - 1,786,582 1,786,582 - - (15,977) 4,842,792 6,563,654 11,406,446 $ 4,900,059 $ 7,378,977 $ 25,962,784 See accompanying notes. 5 MONROE COUNTY, FLORIDA SHERIFF STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNMENTAL FUNDS FISCAL YEAR ENDED SEPTEMBER 30,2025 Major Funds HIDTA General Trauma Star Grants Revenues Intergovernmental-Board of County Commissioners $ 70,997,191 $ 8,495,723 $ - Intergovernmental-Other Governmental Units - - 22,843,355 Charges for Services 131,156 - - Fines and Forfeitures - - - Investment Income 676,488 - - Miscellaneous 543,345 - - Total Revenues 72,348,180 8,495,723 22,843,355 Expenditures Current: Personnel Services 52,038,548 2,900,839 3,812,938 Operating Expenditures 15,472,454 2,807,999 14,175,224 Debt Service: Principal - - 3,127,253 Interest - - 1,187,707 Capital Outlay 2,129,812 - 1,928,967 Aid to Other Governments/Non-Profits 2,000 - - Total Expenditures 69,642,814 5,708,838 24,232,089 Excess(Deficiency)of Revenues Over (Under)Expenditures 2,705,366 2,786,885 (1,388,734) Other Financing Sources(Uses) Proceeds from Leases - - 1,388,734 Transfers from Other Funds - - - Transfers to Other Funds (234,671) - - Transfers to Other Governments (62,732) - - Transfer to Board of County Commissioners (2,407,963) (2,786,885) - Proceeds from Sale of Fixed Assets - - - Total Other Financing Sources(Uses) (2,705,366) (2,786,885) 1,388,734 Net Change in Fund Balances - - - Fund Balances,Beginning of Year, As Previously Presented - - - Change Within Financial Reporting Entity (Major to Non-Major Fund) - - - Fund Balances,Beginning of Year, As Adjusted - - - Fund Balances,End of Year $ - $ - $ - See accompanying notes. 6 Formerly Non-Major Major Fund Major Fund Funds Shared Asset Other Forfeiture Grants Governmental Total $ - $ - $ 3,712,973 $ 83,205,887 - - 4,458,416 27,301,771 - - 4,860,219 4,991,375 - - 25,054 25,054 231,245 - 255,823 1,163,556 - - 430,833 974,178 231,245 - 13,743,318 117,661,821 - - 6,699,523 65,451,848 99 - 2,972,298 35,428,074 - - - 3,127,253 - - - 1,187,707 - - 2,391,404 6,450,183 167,311 - 18,733 188,044 167,410 - 12,081,958 111,833,109 63,835 - 1,661,360 5,828,712 - - - 1,388,734 - - 234,671 234,671 - - - (234,671) - - - (62,732) - - (80,169) (5,275,017) - - 29,609 29,609 - - 184,111 (3,919,406) 63,835 - 1,845,471 1,909,306 4,778,957 (685,894) 5,404,077 9,497,140 - 685,894 (685,894) - 4,778,957 - 4,718,183 9,497,140 $ 4,842,792 $ - $ 6,563,654 $ 11,406,446 See accompanying notes. 7 MONROE COUNTY, FLORIDA SHERIFF STATEMENT OF FIDUCIARY NET POSITION CUSTODIAL FUND SEPTEMBER 30,2025 Assets Cash and Cash Equivalents $ 638,293 Due from Others 5,318 Total Assets 643,611 Liabilities Accounts Payable 27,917 Due to Board of County Commissioners 3,970 Due to Other Governments 28 Due to Other Funds 11,886 Due to Others 1,139 Total Liabilities 44,940 Net Position Restricted for: Individuals,Organizations and Other Governments 598,671 Total Net Position $ 598,671 See accompanying notes. 8 MONROE COUNTY, FLORIDA SHERIFF STATEMENT OF CHANGES IN FIDUCIARY NET POSITION CUSTODIAL FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Additions Payments Made to Bond Accounts $ 368,733 Payments Collected for Process Servers 88,838 Payments Made to Inmate Accounts 1,508,140 Total Additions 1,965,711 Deductions Payments to Depositors 659,040 Payments to Processors 88,838 Payments of Inmate Services 884,765 Payments of Inmate Release Funds 616,165 Total Deductions 2,248,808 Net Change in Fiduciary Net Position (283,097) Net Position,Beginning of Year 881,768 Net Position,End of Year $ 598,671 See accompanying notes. 9 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Note 1 -Summary of Significant Accounting Policies Reporting Entity The Monroe County, Florida Sheriff (the Sheriff) is a separately elected county official established pursuant to the Constitution of the State of Florida. The Sheriff's financial statements do not purport to reflect the financial position or the results of operations of Monroe County, Florida (the County)taken as a whole. The financial statements of the Sheriff have been prepared in accordance with accounting principles and reporting guidelines established by the Governmental Accounting Standards Board(GASB). Entity status for financial reporting purposes is governed by GASB Statement No. 14, as amended. Although the Sheriff's Office is operationally autonomous from the County, it does not hold sufficient corporate powers of its own to be considered a legally separate entity for financial reporting purposes. Therefore, under GASB guidelines, the Sheriff is reported as a part of the primary government of the County. The financial activities of the Sheriff, as a constitutional officer, are included in the County's Annual Comprehensive Financial Report. Measurement Focus, Basis of Accounting,and Financial Statement Presentation The Sheriff's financial statements are prepared for the purpose of complying with Section 218.39(2), Florida Statutes, and Chapter 10.550, Rules of the Auditor General(the Rules), which requires the Sheriff to only present fund financial statements. The General Fund and Special Revenue Funds are governmental funds that use the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized when measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose,the government considers revenues to be available if they are collected within 30 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures as well as expenditures related to compensated absences, and claims and judgments, are recorded only when payment is due. However, debt service expenditures, expenditures related to compensated absences, and claims and judgments are recorded only when payment is due. The custodial funds are fiduciary funds that use the economic financial resources measurement focus and the full accrual basis of accounting and require a resource flow statement. These funds are used to account for assets received and held by the Sheriff in the capacity of a trustee or as an agent for individuals, governmental agencies, and other public organizations. Liabilities are recognized when an event occurs that compels the Sheriff to disburse fiduciary resources,which is when demand for resources has been made or when no further action,approval,or condition is required to be taken by the beneficiary to release the assets. The Sheriff reports aggregated totals for additions and aggregated totals for deductions of custodial funds in which resources, upon receipt,are normally expected to be held for three months or less. The descriptions of the aggregated totals of additions and deductions indicate the nature of the resource flows. 10 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Description of Funds The Sheriff reports the General Fund and Special Revenue Funds as governmental funds and Custodial Funds as a fiduciary fund type. The General Fund is used to account for all revenues and expenditures applicable to the general operations of the Sheriff. The Special Revenue Funds account for the proceeds and uses of specific revenue sources that are legally restricted or committed to expenditures for a specific purpose. Custodial Funds are used to account for assets held by the Sheriff as agent. The Sheriff reports the General Fund and the following three Special Revenue Funds as major funds: Trauma Star, High Intensity Drug Trafficking Area (HIDTA) Grants, and the Shared Asset Forfeiture Fund. The Trauma Star Fund accounts for the revenues and expenditures related to the function of air and ambulance transports and is a vital component of the Monroe County Sheriff's Office life-saving program. The HIDTA Grants Fund accounts for the revenues and expenditures related to the Office of National Drug Control Policy (ONDCP) grants. The Shared Asset Forfeiture Fund accumulates stipulated transfers from the Federal Forfeiture Fund and its investment income is used to fund awards to non-profit organizations, as determined by an advisory board. The following non-major funds are also reported: Radio Communications, Teen Court, Law Enforcement Trust, State Forfeiture, Grants, Contract Administrative, Commissary, Inter-Agency Communications, Federal Forfeiture, and E-911. The Sheriff reports the following custodial funds: Bonds, Inmate, and Civil. The Bonds Fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of defendants with ongoing court cases. The Inmate Fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of incarcerated inmates. The Civil Fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of the County for the service of civil process papers. Transfers The Sheriff transfers funds to administer certain Special Revenue Fund programs. In addition, the extent to which the General, Trauma Star, Radio Communications, and State Forfeiture Fund revenues exceed expenditures is reflected as transfers out and as liabilities to the Board of County Commissioners (the Board). Fund Balance Presentation In accordance with GASB Statement No. 54,the fund balances of the governmental funds are classified as restricted or committed. This classification includes amounts that can be spent only for specific purposes because of constitutional provisions or enabling legislation or because of constraints that are externally imposed by creditors, grantors, contributors, or the laws or regulations of other governments. Non-Spendable Fund Balance Includes amounts that cannot be spent because they are either not in spendable form, or for legal or contractual reasons, must be kept intact. This classification includes inventory. Spendable Fund Balance ■ Restricted—Includes amounts that are constrained for specific purposes which are externally imposed by providers (such as grantors or creditors) or enabling legislation. ■ Committed—Includes amounts that are constrained for specific purposes that are internally imposed by the highest level of decision-making authority, which in this case is the Sheriff. 11 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS ■ Assigned—Includes amounts that are intended to be used for specific purposes that are not restricted or committed. Assignments can be made at the direction of the Sheriff. ■ Unassigned— Represents fund balance that has not been assigned to other funds, and that has not been restricted, committed, or assigned to specific purposes within the General Fund. This classification also includes negative unrestricted fund balances in any governmental fund. When both restricted and unrestricted resources are available for use, it is the Sheriff's policy to use restricted resources first, then unrestricted resources (committed, assigned, and unassigned) as they are needed. When unrestricted resources (committed, assigned, and unassigned) are available for use, it is the Sheriff's policy to use committed resources first,then assigned, and then unassigned as needed. Budgetary Requirements General Fund expenditures are controlled by appropriations in accordance with the budget requirements set forth in the Florida Statutes. Budgets are administered for all funds and are prepared on a basis consistent with accounting principles generally accepted in the United States of America. Cash,Cash Equivalents,and Investments The Sheriff's cash and cash equivalents are considered to be cash on hand, demand deposits, and highly liquid investments with original maturities of 90 days or less from the date of acquisition. Investments for the Sheriff are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. Receivables All receivables are shown net of an allowance for uncollectibles. Historical collection experience is used to estimate the accounts receivable allowance. The amount reported as due from others in the Inmate Fund is shown net of the allowance for uncollectible accounts receivable in the amount of$244,923 at September 30, 2025. Capital Assets Capital assets are recorded as expenditures in the General Fund or the Special Revenue Funds at the time of purchase and are capitalized at historical cost in the government-wide financial statements of the County. Gifts or contributions and seized property are recorded in the government-wide financial statements at acquisition cost at the time received. In addition, the Board provides at no cost the office space and certain other expenditure items used in the Sheriff's operations. It is the policy of the Sheriff to capitalize all assets costing more than $1,000 with an estimated useful life of two or more years. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Capital assets are depreciated using the straight-line method over the following estimated useful lives: Years Buildings and Infrastructure 10-50 Machinery and Equipment 5-10 Leases and Subscription-Based Information Technology Arrangements Term of Agreement 12 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Depreciation expense is recognized in the government-wide financial statements of the County. Compensated Absences The Sheriff permits employees to accumulate earned but unused vacation and sick pay benefits. The Sheriff is not legally required to and does not accumulate expendable available financial resources to liquidate this obligation. The obligation is accrued in the government-wide financial statements of the County. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make use of estimates and assumptions that affect reported amounts reported and disclosed in the accompanying financial statements and notes. Actual results could differ from estimates. New Accounting Pronouncement Effective October 1, 2024, the Sheriff adopted the provisions of GASB Statement No. 101, Compensated Absences, and GASB Statement No. 102, Certain Risk Disclosures. GASB Statement No. 101 updates the recognition and measurement under a unified model and by amending certain previously required disclosures. The impact of this standard can be found in Note 5 and the Annual Comprehensive Financial Report of the County. The objective of GASB Statement No. 102 is to provide users of government financial statements with essential information about risks related to a government's vulnerabilities due to certain concentrations or constraints. The adoption of this statement did not affect the financial statements of the Sheriff. Subsequent Events The Sheriff has evaluated subsequent events through March 6, 2026, in connection with preparation of these financial statements, which is the date the financial statements were available to be issued. Note 2-Cash, Cash Equivalents, and Investments As of September 30, 2025, the carrying value of the Sheriff's deposits and investments, with their respective credit ratings and years to maturity, are as follows: Valuation Credit Measurement Less Than 6 Months to 1 to 5 Over 5 Investment Type Rating Method Value 6 Months 1 Year Years Years Demand Deposits N/A N/A $ 15,933,500 $ 15,933,500 - Certificates of Deposit N/A Amortized Cost 1,454,925 - 600,540 854,385 - US Government Bonds AA+ Fair Value-Level 2 184,673 - - - 184,673 Municipal Bonds AAA to AA- Fair Value-Level 2 2,499,275 245,021 115,677 1,633,785 504,792 Mutual Funds Aaa Fair Value-Level 2 603,338 554,428 48,910 - - Corporate Stocks Aaa Fair Value-Level 2 324,806 - - 324,806 - Totals $ 21,000,517 $ 16,732,949 $ 765,127 $ 2,812,976 $ 689,465 The Sheriff categorizes its fair value measurements within the fair value hierarchy established by GAAP. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are unadjusted quoted prices in active markets for identical assets. Level 2 inputs are either directly or indirectly observable for an asset (including quoted prices for similar assets),which may include inputs in markets that are not considered active. Level 3 inputs securities are significant unobservable inputs. 13 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Securities classified in Level 2 are evaluated prices from the custodian bank's primary external pricing vendors. The pricing methodology involves the use of evaluation models such as matrix pricing, which is based on the securities' relationship to benchmark quoted prices. Other evaluation models use actual trade data,collateral attributes, broker bids, new issue pricings,and other observable market information. There are no restrictions or limitations on withdrawals; however, Florida PRIME may, on the occurrence of an event that has a material impact on liquidity or operations, impose restrictions on withdrawals for up to 48 hours. Credit Risk and Concentration of Credit Risk — Florida Statutes and the Sheriff's investment policy authorize investments in certificates of deposit, savings accounts, repurchase agreements, the Local Government Surplus Funds Trust Fund administered by the Florida State Board of Administration, money market funds, direct obligations of the U.S. Treasury, federal agencies and instrumentalities, rated or unrated bonds, notes or instruments, securities of or interests in any investment company or investment trust, commercial paper, and Municipal Securities. Custodial Credit Risk— Bank deposits are secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida. Demand and time deposits are fully insured by the Federal Deposit Insurance Corporation (FDIC)for the first$250,000 at each institution and the remaining balances are insured 100% by the State of Florida collateral pool, a multiple institution pool with the ability to assess its members for collateral shortfalls if a member institution fails. Deposits—Cash and cash equivalents to include demand deposits insured by the FDIC or covered by the State of Florida collateral pool, a multiple financial institution pool with the ability to assess its members for collateral shortfalls if a member institution fails. Cash equivalents also include the investment in Florida PRIME. The bank balance of the Sheriff's demand deposits as of September 30, 2025, was $15,722,533, including $638,293 held in the Sheriff's custodial funds. The Sheriff also has petty cash totaling$14,794 as of September 30, 2025. Note 3 -Interfund Receivables and Payables Interfund receivables and payables at September 30, 2025, consist of the following: Due from Due to Other Funds Other Funds General $ 321,535 $ 854,099 HIDTA - 1,766,199 Other Non-Major Governmental 2,549,609 238,960 Custodial Funds - 11,886 S 2,871. 444 S 2,871,144 14 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Note 4-Capital Assets A summary of changes in the Sheriff's capital assets, presented in the government-wide financial statements of the County, is as follows which includes GASB Statement No. 87 lease and GASB Statement No. 96 SBITA accounting reporting requirements: Balance Balance 10/1/2024 Increases Decreases 9/30/2025 Capital Assets Not Being Depreciated Construction in Progress $ 249,777 $ 293,135 $ (542,912) $ Total Capital Assets Not Being Being Depreciated 249,777 293,135 (542,912) - Capital Assets Being Depreciated Buildings/Leaseholds 3,221,990 27,149 3,249,139 Right-to-Use Leased Assets-Buildings 48,810,806 1,388,734 50,199,540 Right-to-Use Leased Assets-SBITA Software 296,986 - 296,986 Equipment 61,495,487 5,417,181 (1,113,005) 65,799,663 Total Capital Assets Being Depreciated 113,825,269 6,833,064 (1,113,005) 119,545,328 Accumulated Depreciation (51,896,920) (8,022,317) 897,363 (59,021,874) Capital Assets Depreciated,Net 61,928,349 (1,189,253) (215,642) 60,523,454 Capital Assets,Net $ 62,178,126 $ (896,118) $ (758,554) $ 60,523,454 Note 5 -Compensated Absences The Sheriff permits employees to accumulate earned but unused vacation and sick pay benefits. The Sheriff is not legally required to and does not accumulate expendable available financial resources to liquidate this obligation. The obligation for compensated absences is accrued in the government-wide financial statements of the County. A summary of activity for the Sheriff's compensated absences obligation is as follows: Compensated Absences Beginning of Year,as Adjusted* $ 17,242,477 Net Additions 846,343 End of Year S 18,088,820 *Due to the implementation of GASB Statement No. 101 in the current fiscal year, the beginning balance of the Sheriffs compensated absences liability required restatement. This is further described in the government-wide financial statements of the County. Note 6-Fund Balances In the governmental fund financial statements, fund balance is composed of restricted and committed classifications designed to disclose the hierarchy of constraints placed on how fund balance can be spent. 15 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Restricted Fund Balance This classification includes revenue sources that are restricted to specific purposes externally imposed by creditors or imposed by law. Funds with restricted fund balance are as follows: ■ Shared Asset Forfeiture Fund is restricted upon Ordinance 030-2000, which specifies use must be for law enforcement crime prevention, drug and alcohol abuse prevention and treatment, mental and physical health of minors and adults, and cultural, artistic, educational, recreational, and sports programs for the County youth. ■ Teen Court Fund accounts for funds received pertaining to the teen court program designed to deter juveniles who are becoming involved in crime. ■ Inter-Agency Communications Fund is restricted by Florida Statute 318.21(9). ■ E-911 Fund is restricted based upon the E-911 costs allowable by Florida Statute 365. ■ Commissary Fund is restricted for Inmate Welfare and Farm as outlined by Florida Statute 951.23(9). ■ Grants Fund is restricted for amounts that were expended in the prior year, but able to be recognized as revenues in the current year. Previously, these amounts were reported as deferred inflows of resources as they were not received within the availability period in the prior year. Committed Fund Balance Portion of fund balance that can be used for specific purposes imposed by the Sheriff (highest level of decision-making authority). Any changes or removal of specific purposes requires action by the Sheriff. Funds with committed fund balance are as follows: ■ Contract Administrative Fund is committed for the administration of contracts between the Sheriff and third parties. Note 7-Retirement Plans The Sheriff participates in the Florida Retirement System for pension benefits. A detailed plan description and any liability for employees of the Sheriff are included in the financial statements of the County. Note 8-Postemployment Benefits Other Than Pensions The Sheriff participates in the plan established by the Board to provide other postemployment benefits to retirees of the Board and Constitutional Officers. A detailed plan description and any liability for employees of the Sheriff are included in the financial statements of the County. 16 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Note 9-Risk Management The Sheriff is exposed to various risks of loss related to tort;theft of,damage to,and destruction of assets; errors and omissions; injuries to employees;and natural disasters. The Sheriff participates in the coverage provided by the Board for Workers' Compensation, Group Insurance, and Risk Management Internal Service Funds. Under these programs,Workers' Compensation provides$500,000 coverage per claim for regular employees. Workers' Compensation claims in excess of the self-insured coverage are covered by an excess insurance policy. Risk Management has a$5,000,000 excess insurance policy for general liability claims with a $200,000 self-insured retention, and building property damage is covered for the actual value of the building with a deductible of$50,000. Deductibles for windstorm and flood vary by location. The County purchases commercial insurance for claims in excess of coverage provided by the funds and for all other risks of loss. Settled claims have not exceeded this commercial coverage in any of the past three years. The Sheriff makes payments to the Workers' Compensation, Group Insurance, and Risk Management Funds based on estimates of the amounts needed to pay prior and current year claims. Note 10-Litigation From time to time, the Sheriff is a party to various lawsuits and claims, which it vigorously defends. Such matters arise out of the normal course of its operation, some of which are covered by insurance policies or by the Sheriff's participation in the Florida Sheriff's Self-Insurance Fund. While the results of litigation cannot be predicted with certainty, management believes the final outcome of such litigation will not have a material adverse effect on the Sheriff's financial position. Note 11 -Lease Commitments The Sheriff leases office space and equipment for various terms under certain agreements that meet the definition of a lease under GASB Statement No. 87. Detailed information about the Sheriff's leases can be found in the government-wide financial statements of the County. Lease expenditures for all leases for the year ended September 30, 2025, amounted to approximately$4,282,348. Balance Balance 10/1/2024 Additions Deductions 9/30/2025 Lease Liability S 40,293,016 S 1,388,734 $ (3.096.887) S 38,584,863 Annual debt service requirements to maturity for lease commitments are as follows: Year Ending September 30, Principal Interest Total 2026 $ 3,291,475 $ 1,133,861 $ 4,425,336 2027 3,484,815 1,029,182 4,513,997 2028 3,615,692 923,088 4,538,780 2029 3,702,441 808,544 4,510,985 2030 3,829,641 692,842 4,522,483 2031-2035 17,123,184 1,688,636 18,811,820 2036-2040 3,537,615 224,629 3,762,244 Totals S 38,584,863 S 6,500,782 S 45,085,645 17 MONROE COUNTY, FLORIDA SHERIFF NOTES TO FINANCIAL STATEMENTS Note 12-Subscription-Based Information Technology Arrangement Commitments The Sheriff has entered into non-cancellable agreements that qualify as subscription-based information technology arrangements (SBITAs) under GASB Statement No. 96 and, therefore, have been recorded at the present value of the future minimum SBITA payments as of the date of their inception. SBITA expenditures for the year ended September 30, 2025, amounted to approximately$32,612. Balance Balance 10/1/2024 Additions Deductions 9/30/2025 SBITA Liability S 77,894 S - S (30,364) S 47,530 The future minimum SBITA obligations and the net present value of these minimum payments as of September 30, 2025,were as follows: Year Ending September 30, Principal Interest Total 2026 $ 33,100 $ 1,142 $ 34,242 2027 14,430 127 14,557 Totals S 47,530 S 1,269 S 48,799 Note 13 -Contingencies The Sheriff is the recipient of grants that are subject to special compliance requirements and audits by the grantor agencies that may result in disallowed expense amounts. These amounts constitute a contingent liability of the Sheriff. The Sheriff does not believe any contingent liabilities to be material to the financial statements. 18 REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED) MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES AND EXPENDITURES- BUDGET TO ACTUAL GENERAL FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 70,997,191 $ 70,997,191 $ 70,997,191 $ - Charges for Services - - 131,156 131,156 Investment Income - - 676,488 676,488 Miscellaneous Income - - 543,345 543,345 Total Revenues 70,997,191 70,997,191 72,348,180 1,350,989 Expenditures Current: Personnel Services 56,237,519 53,327,519 52,038,548 1,288,971 Operating Expenditures 13,334,701 15,474,701 15,472,454 2,247 Capital Outlay 1,284,971 2,054,971 2,129,812 (74,841) Aid to Other Governments/Non-Profits - - 2,000 (2,000) Total Expenditures 70,857,191 70,857,191 69,642,814 1,214,377 Excess of Revenues Over Expenditures 140,000 140,000 2,705,366 2,565,366 Other Financing Sources(Uses) Transfers to Board of County Commissioners - - (2,407,963) (2,407,963) Transfers to Other Governments - - (62,732) (62,732) Transfers to Other Funds (140,000) (140,000) (234,671) (94,671) Total Other Financing Sources(Uses) (140,000) (140,000) (2,705,366) (2,565,366) Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - 19 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES AND EXPENDITURES- BUDGET TO ACTUAL TRAUMA STAR FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 6,969,152 $ 8,495,723 $ 8,495,723 $ - Total Revenues 6,969,152 8,495,723 8,495,723 - Expenditures Current: Personnel Services 2,426,078 2,426,078 2,900,839 (474,761) Operating Expenditures 4,528,074 6,054,645 2,807,999 3,246,646 Capital Outlay 15,000 15,000 - 15,000 Total Expenditures 6,969,152 8,495,723 5,708,838 2,786,885 Excess of Revenues Over Expenditures - - 2,786,885 2,786,885 Other Financing Sources(Uses) Transfers to Board of County Commissioners - - (2,786,885) (2,786,885) Total Other Financing Sources(Uses) - - (2,786,885) (2,786,885) Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - 20 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES AND EXPENDITURES- BUDGET TO ACTUAL HIDTA GRANTS FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Other Government Units $ 22,500,000 $ 22,900,000 $ 22,843,355 $ (56,645) Total Revenues 22,500,000 22,900,000 22,843,355 (56,645) Expenditures Current: Personnel Services 3,725,000 3,820,000 3,812,938 7,062 Operating Expenditures 18,275,000 14,180,000 14,175,224 4,776 Debt Service: Principal - 3,050,000 3,127,253 (77,253) Interest - 1,275,000 1,187,707 87,293 Capital Outlay* 500,000 575,000 1,928,967 (1,353,967) Total Expenditures 22,500,000 22,900,000 24,232,089 (1,332,089) Excess(Deficiency)of Revenues Over (Under)Expenditures - - (1,388,734) (1,388,734) Other Financing Sources(Uses) Proceeds from Leases - - 1,388,734 1,388,734 Total Other Financing Sources(Uses) - - 1,388,734 1,388,734 Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - * Although capital outlay expenditures are in excess of appropriations, it is solely related to a new lease required to be recorded under GASB Statement No. 87, Leases. The budget was not adjusted to cover the initial recognition of capital outlay, but is not considered non-compliance with relevant budget laws and regulations as it is completely offset by $1,388,734 in proceeds from leases. 21 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES AND EXPENDITURES- BUDGET TO ACTUAL SHARED ASSET FORFEITURE FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Investment Income $ 295,000 $ 295,000 $ 231,245 $ (63,755) Total Revenues 295,000 295,000 231,245 (63,755) Expenditures Current: Operating Expenditures 200 200 99 101 Aid to Other Governments/Non-Profits 125,000 175,000 167,311 7,689 Total Expenditures 125,200 175,200 167,410 7,790 Net Change in Fund Balance 169,800 119,800 63,835 (55,965) Fund Balance,Beginning of Year 4,778,957 4,778,957 4,778,957 - Fund Balance,End of Year $ 4,948,757 $ 4,898,757 $ 4,842,792 $ (55,965) 22 MONROE COUNTY, FLORIDA SHERIFF NOTE TO REQUIRED SUPPLEMENTARY INFORMATION Budgetary Requirements — General Fund expenditures are controlled by appropriations in accordance with the budget requirements set forth in the Florida Statutes. The budget is prepared on the basis consistent with accounting principles generally accepted in the United States of America. 23 SUPPLEMENTARY INFORMATION m l0 00 m N m m O O 00 d ci N c-1 d Ln Ln 00 d' ZT O m rl O N m rl N O r d m 0 d- d- r` O to d O r` to d o �p O rl l0 m rl l0 00 O N rl m l0 N d' m m rl m rl d' N Ln d' l0 l0 m m l0 m Ln Q rl c-I l0 Ln c-I N r-1 c-I Ln Ln N N m E ~ 00 00 Ln Ol N l0 Ln v Ln O r-I rl V? V? L O 3E 01 ' ' al N l0 00 l0 m m m N 00 Ln l0 rl rl rlaj O G ci ci O O1 O1 O1 c-I c-I c-I E r` rl rl rl O Ln rl c-I -1 E r Q0 m r l0 to to a O U N N m 00 N N m E E c O O U O 3 3E m ' ' m m m ' 00 Ln L!1 ' L!1 ' O L N N m al m 00 00 00 r` r` co Ili o0 00 o0 oo v N Ln Ln O rl 00 l0 l0 l0 m al al O O O 00 00 00 d' d' O1 00 r` r` p 00 00 N N Ln N N N m E aJ a.� an LU Z c-I l0 00 Ln O 00 d' N O d' l0 m N rl l0 ' >' Ol Ln 00 d' 00 d' Ln rl O c-I l0 l0 m r, l0 `^ Q @ r r d- m r Ln d- co O co m rn r` lfl m LL @ L rl rH l0 M 00 00 N 01 N N Ln rl N d' Ln U LU N w 01 m rl 'ZT 'ZT m rl N d' O O l0 m 0 c V O G 01 r1 lO Ln m O d' r1 l0 rl d' N rl m O Ln ~ O^ rl Ln r1 N to N "" N 4 _V LU l0 l0 00 m m m m l0 O l0 Ol 00 ' ci Ol C Q m Z C m Ln W d' N d' m d' O N 01 N rl 01 .— M l0 I- d' m l0 O1 m l0 O al l0 O l0 l0 m rHi l0 m d' d' Ln rl N M ZT O ZT ZT Z W G O N rH lO Ln l0 l0 Ln -1 m N O N N aJ O ca J 0 lfl lfl rn c-I Ln N N N aJ QU W t I— LL LUO a p Z — Z 0 LU al Ln ' ' Ln 00 00 ZT O Ln L!1 ' L!1 ' -O N +-� l0 l0 Ol rH rH m m m m C N w w Q m o0 0o r m d rn rn rn rn O = O 0 O O O N 'Z l0 N rl r rl v N a l0 l0 r, d- m Ln O o O 6 LLO p p L Ln Ln r Ln ZT r T d d O Z w u Ln Ln d= Ln I— Q a Z Lu Q^ d _ i/? i/? v C t Z LUa, ai 0 0 O M MLu 01 01 Ln 00 N Q00 aaj LL J C N N c-1 d- lc N O O O Q Q t N N O N rl O N N N 2 a.� rH ZT rH rl V1 Q N i m m O1 N N m N N 3 m O N LL m N N c-I N �O .0 CC m 05 aJ r- d' N m 00 ' 00 00 ' O L C Q m rn 0) ZT r1 m rn rn rn rn u G 'O m m N m -1 l0 l0 l0 l0 u ,O 0 H C 000 00 ^0 m o rl m v r` r` N c-I N r` m m N N N N v C v O + m C v m a +� u vi a .E v C: OL N 7 O_ O Cl- O cuE _? u o v L v m O a z h E twit N Vt cu w O m U cu L _ O_ m aJ C O > 7 G O m - m E v v " (D Li to m > v a v, �^ c > U O m .� w -o m 6 a u � O -o a a m c O c T i '� EO > Q > y LO t6 i a�.� a�.� U G d G m L aJ u aJ X ? L 7 O aJ 0 0 U. Co W m f E O N y N W m a0+ al y G m O O O u N N Ln O p N aJ +� aJ 9 L 'u O '�n LL al al m ? 4J O v C i O 'a'' ate'' G al +7'' `� i i L u u E O C O' G G 'o E E —° > O O W w a c v E a a m m p a O 29 - u CL E aJ fl- Fo FD =� O W N al N. C O C C O t m m h G ai m y v, G Q Fu h a L m C� m m U ai O cu U O CL X U 0.. O U Q O u W a�.� h f— f— O 7 7 h O_ O' H W H W 0 H Z LL LL jt O_ MONROE COUNTY, FLORIDA SHERIFF NON-MAJOR SPECIAL REVENUE FUNDS DESCRIPTIONS The purpose of each non-major special revenue fund in the combining balance sheet and combining statement of revenues, expenditures and changes in fund balances is described below. Radio Communication Fund — This fund accounts for the revenues and expenditures related to radio communication functions. The Radio Communication Fund is county-wide and includes the majority of federal, state, and local entities. Teen Court Fund—This fund accounts for receipts and disbursements pertaining to a program designed to deter juveniles who are becoming involved in crime. Law Enforcement Trust Fund —This fund accounts for expenditures to non-profit organizations to help deter drug use and juvenile delinquency. State Fine and Forfeiture (State Forfeiture) Fund—This fund accounts for the proceeds received primarily from seizures and forfeitures. Grants Fund—This fund accounts for receipts and disbursements related to other various local, state, and federal grants. Contract Administrative Fund—This fund accounts for the administration of contracts between the Sheriff and third parties. Commissary Fund—This fund accounts for receipts and disbursements of inmate telephone commissions, canteen revenues, and other inmate programs. Inter-Agency Communications Fund — This fund accounts for revenues and expenditures allocated for radio communications. Federal Forfeiture Fund — This fund accounts for revenues from the U.S. Department of Justice and Treasury. Expenditures are made in accordance with the guidelines issued by these agencies. E-911 Fund—This fund accounts for fees levied on each telephone access line in Monroe County, Florida for the enhancement of the 911 emergency telephone systems. MONROE COUNTY, FLORIDA SHERIFF COMBINING BALANCE SHEET NON-MAJOR SPECIAL REVENUE FUNDS SEPTEMBER 30,2025 Law Radio Teen Enforcement State Communications Court Trust Forfeiture Grants Assets Cash and Cash Equivalents $ 61,173 $ $ 173 $ 18,826 $ Investments - - - Due from Board of County Commissioners - 54,792 Due from Other Funds 61,906 170 395,126 Due from Other Governmental Units 4,796 - 122,092 Due from Others - - - - - Total Assets 61,173 66,702 173 18,996 572,010 Liabilities and Fund Balances Liabilities Accounts Payable - - - - - Accrued Wages and Benefits Payable - - - Due to Board of County Commissioners 61,173 4 18,996 Due to Other Governmental Units - - - - Due to Other Funds 169 176,884 Unearned Revenues - - - - Total Liabilities 61,173 173 18,996 176,884 Fund Balances Restricted: Teen Court Program 66,702 - Grants - 395,126 Inter-Agency Communication Program - Inmate Welfare Program Farm Program E-911 Programs Committed: Contract Administration - - Total Fund Balances - 66,702 - 395,126 Total Liabilities and Fund Balances $ 61,173 $ 66,702 $ 173 $ 18,996 $ 572,010 25 Total Non-Major Contract Inter-Agency Federal Special Revenue Administrative Commissary Communications Forfeiture E-911 Funds $ $ 1,659,418 $ 236,365 $ 2,850 $ 2,084,712 $ 4,063,517 382,848 - - - 382,848 - 15,877 43,597 114,266 2,087,272 5,135 - - - 2,549,609 85,530 - 6,301 218,719 - 50,018 - - 50,018 2,172,802 2,097,419 252,242 9,151 2,128,309 7,378,977 - 24,319 4,567 - 7,498 36,384 - 6,945 - 6,301 6,552 19,798 305,240 - 103 41 385,557 74,667 50,047 - - - 124,714 6,313 22,439 436 2,747 29,972 238,960 - - 9,910 - - 9,910 386,220 103,750 14,913 9,151 44,063 815,323 - - - - 66,702 - 395,126 - 237,329 237,329 1,465,506 - 1,465,506 528,163 - 528,163 - - 2,084,246 2,084,246 1,786,582 - - - 1,786,582 1,786,582 1,993,669 237,329 - 2,084,246 6,563,654 $ 2,172,802 $ 2,097,419 $ 252,242 $ 9,151 $ 2,128,309 $ 7,378,977 26 MONROE COUNTY, FLORIDA SHERIFF COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NON-MAJOR SPECIAL REVENUE FUNDS FISCAL YEAR ENDED SEPTEMBER 30,2025 Law Radio Teen Enforcement State Communications Court Trust Forfeiture Grants Revenues Intergovernmental-Board of County Commissioners $ 1,277,139 $ $ 14,560 $ $ 1,623,637 Intergovernmental-Other Governmental Units - - 1,020,451 Charges for Services 66,455 33,485 Fines and Forfeitures - - 25,054 - Investment Income 169 584 Miscellaneous - - - - - Total Revenues 1,277,139 66,455 14,729 25,638 2,677,573 Expenditures Current: Personnel Services 317,022 63,210 - - 752,771 Operating Expenditures 867,986 1,678 6,996 6,642 536,560 Capital Outlay 30,958 - - - 526,879 Aid to Other Governments/ Non-Profits - - 7,733 - - Total Expenditures 1,215,966 64,888 14,729 6,642 1,816,210 Excess of Revenues Over Expenditures 61,173 1,567 - 18,996 861,363 Other Financing Sources(Uses) Transfers from Other Funds - - - 219,657 Transfer to Board of County Commissioners (61,173) (18,996) - Proceeds from Sale of Fixed Assets - Total Other Financing Sources(Uses) (61,173) (18,996) 219,657 Net Change in Fund Balances 1,567 1,081,020 Fund Balances(Deficit),Beginning of Year,As Previously Presented 65,135 - Change Within Financial Reporting Entity (Major to Non-Major) - (685,894) Fund Balances(Deficit),Beginning of Year,As Adjusted or Restated 65,135 (685,894) Fund Balances(Deficit),End of Year $ $ 66,702 $ $ $ 395,126 27 Total Non-Major Contract Inter-Agency Federal Special Revenue Administrative Commissary Communications Forfeiture E-911 Funds $ - $ $ 199,487 $ 72,216 $ 525,934 $ 3,712,973 1,771,786 - 1,666,179 - 4,458,416 4,148,222 574,550 37,507 - 4,860,219 - - - - 25,054 73,127 73,562 10,491 97,890 255,823 - 430,609 224 - - 430,833 5,993,135 1,078,721 247,709 1,738,395 623,824 13,743,318 5,099,296 221,604 - 66,018 179,602 6,699,523 613,218 424,817 193,911 24,133 296,357 2,972,298 120,297 39,766 - 1,648,244 25,260 2,391,404 11,000 - - - - 18,733 5,843,811 686,187 193,911 1,738,395 501,219 12,081,958 149,324 392,534 53,798 - 122,605 1,661,360 15,014 - - - 234,671 - (80,169) 29,609 29,609 44,623 - - - 184,111 193,947 392,534 53,798 122,605 1,845,471 1,592,635 1,601,135 183,531 1,961,641 5,404,077 - - - - (685,894) 1,592,635 1,601,135 183,531 1,961,641 4,718,183 $ 1,786,582 $ 1,993,669 $ 237,329 $ $ 2,084,246 $ 6,563,654 28 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS RADIO COMMUNICATIONS FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 1,064,228 $ 1,277,139 $ 1,277,139 $ - Total Revenues 1,064,228 1,277,139 1,277,139 - Expenditures Current: Personnel Services 293,200 317,021 317,022 (1) Operating Expenditures 771,028 929,160 867,986 61,174 Capital Outlay - 30,958 30,958 - Total Expenditures 1,064,228 1,277,139 1,215,966 61,173 Excess of Revenues Over Expenditures - - 61,173 61,173 Other Financing Sources(Uses) Transfers(to) Board of County Commissioners - - (61,173) 61,173 Total Other Financing Sources(Uses) - - (61,173) (61,173) Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - 29 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS TEEN COURT FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Charges for Services $ 65,000 $ 67,000 $ 66,455 $ (545) Total Revenues 65,000 67,000 66,455 (545) Expenditures Current: Personnel Services 38,000 65,000 63,210 1,790 Operating Expenditures 3,000 2,000 1,678 322 Total Expenditures 41,000 67,000 64,888 2,112 Net Change in Fund Balance 24,000 - 1,567 1,567 Fund Balance,Beginning of Year 65,135 65,135 65,135 - Fund Balance,End of Year $ 89,135 $ 65,135 $ 66,702 $ 1,567 30 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS LAW ENFORCEMENT TRUST FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 7,500 $ 14,800 $ 14,560 $ (240) Investment Income - - 169 169 Total Revenues 7,500 14,800 14,729 (71) Expenditures Current: Operating Expenditures 7,000 7,000 6,996 4 Aid to Other Governments/Non-Profits 500 7,800 7,733 67 Total Expenditures 7,500 14,800 14,729 71 Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - 31 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS STATE FORFEITURE FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Fines and Forfeitures $ 8,000 $ 25,500 $ 25,054 $ (446) Investment Income 1,000 600 584 (16) Total Revenues 9,000 26,100 25,638 (462) Expenditures Current: Operating Expenditures 9,000 7,104 6,642 462 Total Expenditures 9,000 7,104 6,642 462 Excess of Revenues Over Expenditures - 18,996 18,996 - Other Financing Sources(Uses) Transfers(to) BOCC - (18,996) (18,996) - Total Other Financing Sources(Uses) - (18,996) (18,996) - Net Change in Fund Balance - - - - Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ - $ - $ - $ - 32 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS GRANTS FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 375,000 $ 1,675,000 $ 1,623,637 $ (51,363) Intergovernmental-Other - Government Units 765,000 1,025,000 1,020,451 (4,549) Charges for Services - - 33,485 33,485 Total Revenues 1,140,000 2,700,000 2,677,573 (22,427) Expenditures Current: Personnel Services 785,000 785,000 752,771 32,229 Operating Expenditures 350,000 540,000 536,560 3,440 Capital Outlay 475,000 530,000 526,879 3,121 Total Expenditures 1,610,000 1,855,000 1,816,210 38,790 Excess(Deficiency)of Revenues Over (Under)Expenditures (470,000) 845,000 861,363 16,363 Other Financing Sources(Uses) Transfers from Other Funds - - 219,657 219,657 Total Other Financing Sources(Uses) - - 219,657 219,657 Net Change in Fund Balance (470,000) 845,000 1,081,020 236,020 Fund Balance,Beginning of Year (685,894) (685,894) (685,894) - Fund Balance,End of Year $ (1,155,894) $ 159,106 $ 395,126 $ 236,020 33 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS CONTRACT ADMINISTRATIVE FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Other Governmental Units $ 1,590,000 $ 1,590,000 $ 1,771,786 $ 181,786 Charges for Services 4,440,000 4,440,000 4,148,222 (291,778) Investment Income 65,000 65,000 73,127 8,127 Total Revenues 6,095,000 6,095,000 5,993,135 (101,865) Expenditures Current: Personnel Services 5,320,000 5,320,000 5,099,296 220,704 Operating Expenditures 585,000 585,000 613,218 (28,218) Capital Outlay 65,000 65,000 120,297 (55,297) Aid to Other Governments/Non-Profits 750 750 11,000 (10,250) Total Expenditures 5,970,750 5,970,750 5,843,811 126,939 Excess of Revenues Over Expenditures 124,250 124,250 149,324 25,074 Other Financing Sources Transfers from Other Funds - - 15,014 15,014 Proceeds from Sale of Fixed Assets - - 29,609 29,609 Total Other Financing Sources - - 44,623 44,623 Net Change in Fund Balance 124,250 124,250 193,947 69,697 Fund Balance,Beginning of Year 1,592,635 1,592,635 1,592,635 - Fund Balance,End of Year $ 1,716,885 $ 1,716,885 $ 1,786,582 $ 69,697 34 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS COMMISSARY FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Charges for Services $ 650,000 $ 580,000 $ 574,550 $ (5,450) Investment Income 70,000 75,000 73,562 (1,438) Miscellaneous 30,000 48,000 430,609 382,609 Total Revenues 750,000 703,000 1,078,721 375,721 Expenditures Current: Personnel Services 200,000 225,000 221,604 3,396 Operating Expenditures 420,000 425,000 424,817 183 Capital Outlay 50,000 41,000 39,766 1,234 Total Expenditures 670,000 691,000 686,187 4,813 Net Change in Fund Balance 80,000 12,000 392,534 380,534 Fund Balance,Beginning of Year 1,601,135 1,601,135 1,601,135 - Fund Balance,End of Year $ 1,681,135 $ 1,613,135 $ 1,993,669 $ 380,534 35 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS INTER-AGENCY COMMUNICATIONS FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 200,000 $ 200,000 $ 199,487 $ (513) Charges for Services - - 37,507 37,507 Investment Income 30,000 38,000 10,491 (27,509) Miscellaneous 7,000 11,000 224 (10,776) Total Revenues 237,000 249,000 247,709 (1,291) Expenditures Current: Operating Expenditures 155,000 195,000 193,911 1,089 Total Expenditures 155,000 195,000 193,911 1,089 Net Change in Fund Balance 82,000 54,000 53,798 (202) Fund Balance,Beginning of Year 183,531 183,531 183,531 - Fund Balance,End of Year $ 265,531 $ 237,531 $ 237,329 $ (202) 36 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS FEDERAL FORFEITURE FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ - $ - $ 72,216 $ 72,216 Intergovernmental-Other Governmental Units - - 1,666,179 1,666,179 Total Revenues - - 1,738,395 1,738,395 Expenditures Current: Personnel Services 40,000 70,000 66,018 3,982 Operating Expenditures 10,000 53,000 24,133 28,867 Capital Outlay 45,000 1,625,000 1,648,244 (23,244) Total Expenditures 95,000 1,748,000 1,738,395 9,605 Net Change in Fund Balance (95,000) (1,748,000) - 1,748,000 Fund Balance,Beginning of Year - - - - Fund Balance,End of Year $ (95,000) $ (1,748,000) $ - $ 1,748,000 37 MONROE COUNTY, FLORIDA SHERIFF SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL-NON-MAJOR SPECIAL REVENUE FUNDS E-911 FUND FISCAL YEAR ENDED SEPTEMBER 30,2025 Variance Original Final With Budget Budget Actual Final Budget Revenues Intergovernmental-Board of County Commissioners $ 670,000 $ 530,000 $ 525,934 $ (4,066) Investment Income 85,000 100,000 97,890 (2,110) Total Revenues 755,000 630,000 623,824 (6,176) Expenditures Current: Personnel Services 180,000 180,000 179,602 398 Operating Expenditures 225,000 300,000 296,357 3,643 Capital Outlay 1,500 26,000 25,260 740 Total Expenditures 406,500 506,000 501,219 4,781 Net Change in Fund Balance 348,500 124,000 122,605 (1,395) Fund Balance,Beginning of Year 2,783,146 2,783,146 1,961,641 (821,505) Fund Balance,End of Year $ 3,131,646 $ 2,907,146 $ 2,084,246 $ (822,900) 38 MONROE COUNTY, FLORIDA SHERIFF CUSTODIAL FUNDS DESCRIPTIONS The purposes of each Custodial Fund in the combining financial statements on the following pages are described below. Bonds Fund — This fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of defendants with ongoing court cases. Civil Fund—This fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of Monroe County, Florida for the service of civil process papers. Inmate Fund—This fund accounts for receipts and disbursements of the monies held by the Sheriff on behalf of incarcerated inmates. MONROE COUNTY, FLORIDA SHERIFF COMBINING STATEMENT OF FIDUCIARY NET POSITION CUSTODIAL FUNDS SEPTEMBER 30,2025 Total Bonds Civil Inmate Custodial Assets Cash and Cash Equivalents $ 576,353 $ 5,141 $ 56,799 $ 638,293 Due from Others - - 5,318 5,318 Total Assets 576,353 5,141 62,117 643,611 Liabilities Accounts Payable - - 27,917 27,917 Due to Board of County Commissioners - 3,970 - 3,970 Due to Other Governments - - 28 28 Due to Other Funds - 32 11,854 11,886 Due to Others - 1,139 - 1,139 Total Liabilities - 5,141 39,799 44,940 Net Position Restricted for: Individuals,Organizations,and Other Governments 576,353 - 22,318 598,671 Total Net Position $ 576,353 $ - $ 22,318 $ 598,671 39 MONROE COUNTY, FLORIDA SHERIFF COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION CUSTODIAL FUNDS FISCAL YEAR ENDED SEPTEMBER 30,2025 Total Bonds Civil Inmate Custodial Additions Payments Made to Bond Accounts $ 368,733 $ - $ - $ 368,733 Payments Collected for Process Servers - 88,838 - 88,838 Payments Made to Inmate Accounts - - 1,508,140 1,508,140 Total Additions 368,733 88,838 1,508,140 1,965,711 Deductions Payments to Depositors 659,040 - - 659,040 Payments to Processors - 88,838 - 88,838 Payments of Inmate Services - - 884,765 884,765 Payments of Inmate Release Funds - - 616,165 616,165 Total Deductions 659,040 88,838 1,500,930 2,248,808 Net Change in Fiduciary Net Position (290,307) - 7,210 (283,097) Net Position,Beginning of Year 866,660 - 15,108 881,768 Net Position,End of Year $ 576,353 $ - $ 22,318 $ 598,671 40 OTHER REPORTS P U RV I s G 1�uuuuu AY INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of each major fund and the aggregate remaining fund information of the Monroe County, Florida Sheriff(the Sheriff)as of and for the year ended September 30, 2025, and the related notes to the financial statements,which collectively comprise the Sheriff's financial statements,and have issued our report thereon dated March 6, 2026. Our report included an emphasis of matter paragraph to reflect that these financial statements were prepared to comply with the Rules of the Auditor General of the State of Florida and are intended to present the financial position and the changes in financial position of the Sheriff and do not represent a complete presentation of the financial statements of Monroe County, Florida. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Sheriff's internal control over financial reporting (internal control) as a basis for designing the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Sheriff's internal control. Accordingly, we do not express an opinion on the effectiveness of the Sheriff's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. Amaterial weakness is a deficiency,or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency,or a combination of deficiencies, in internal control that is less severe than a material weakness,yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. CERTIFIECD PUBLIC ACCOUNTANTS 6aiz°csvffle � Oca ar �� ' afllahaa;see �� Sarasol.a � Oria.un� to I I;'sampa purrvisgray.com N'Vannben°olll Ajmzu-kw) Florida of �,a(i G«;°d I ubtiic Axgx amaoor s 41 To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the Sheriff's financial statements are free from material misstatement,we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, non-compliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of non-compliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Sheriff's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Sheriff's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Purvis! March 6, 2026 Sarasota, Florida 42 mp lama P U RV Is G AY INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH FLORIDA STATUTES,SECTION 218.415—INVESTMENTS OF PUBLIC FUNDS To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida We have examined the Monroe County, Florida Sheriff's (the Sheriff) compliance with Section 218.415, Florida Statutes, Local Government Investment Policies, during the fiscal year ended September 30, 2025, as required by Section 10.566(10)(a), Rules of the Auditor General. Management is responsible for the Sheriff's compliance with those requirements. Our responsibility is to express an opinion on the Sheriff's compliance with the specified requirements based on ourexamination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the Sheriff complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the Sheriff complied with the specified requirements. The nature,timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material non-compliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for ouropinion. Our examination does not provide a legal determination of the Sheriff's compliance with the specified requirements. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. In our opinion, the Sheriff complied, in all material respects, with the aforementioned requirements of Section 218.415, Florida Statutes, during the fiscal year ended September 30, 2025. This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and Florida House of Representatives,the Florida Auditor General, Federal and other granting agencies, Monroe County, Florida, the Sheriff, and applicable management, and is not intended to be, and should not be, used by anyone other than these specified parties. Purvis! March 6, 2026 Sarasota, Florida CERTIFIED PUBLIC ACCOUNTANTS purvisgray.corn Mc.oral''mm,ol'Au7mkanrrcumctilF&nidaI Cvbffliedl"Gsfxlu�:,r�+.�mwG�u7lt<uuq�:;„ 43 U RV I s G iuuuu AY MANAGEMENT LETTER To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida Report on the Financial Statements We have audited the financial statements of each major fund and the aggregate remaining fund information of the Monroe County, Florida Sheriff (the Sheriff) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated March 6, 2026. Auditor's Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America;the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550,Rules of the Florida Auditor General. Other Reporting Requirements We have issued our Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards,and our Independent Accountant's Report on an examination conducted in accordance with American Institute of Certified Public Accountants Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports,which are dated March 6,2026,should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations made in the preceding annual financial audit report. Official Title and Legal Authority Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in the management letter, unless disclosed in the notes to the financial statements. The legal authority is disclosed in Note 1 to the financial statements. Financial Management Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. CERTIFIED PUBLIC ACCOUNTANTS puirvisgray.corn Iwo.oral'um,of'Au7mua.vuur rcmtil F&nida Inst lu ik,"'(111 Cvufflied l"Gsfxlu�:,r 44 To the Honorable Richard A. Ramsay Sheriff of Monroe County, Florida MANAGEMENT LETTER Additional Matters Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate non-compliance with provisions of contracts or grant agreements, or fraud, waste, or abuse, that have occurred, or is likely to have occurred, that have an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, Monroe County, Florida, the Sheriff, and applicable management, and is not intended to be, and should not be, used by anyone other than these specified parties. Purvis March 6, 2026 Sarasota, Florida 45 P U RV I s G ��R AY C'E I f 11 F I E!:) PU 1:3 111 C A('CC U IN r/k I Ocahl I "I"Anhassee � Sarasom I Orhodo purvisgray-com